HR 5749 · 107th Congress · Commerce
Child Care Lending Pilot Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(2002-11-14)
Plain Language Summary
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Child Care Lending Pilot Act - Amends the Small Business Investment Act of 1958 to allow the proceeds of loans made through the Small Business Administration (SBA) to local development companies for plant acquisition, construction, or expansion to be used to assist small, nonprofit child care businesses, provided that: (1) the loan will be used for a sound business purpose approved by the SBA; and (2) each business receiving the assistance meets eligibility requirements applicable to for-profit businesses.…
Summarized by Claude AI · Non-partisan · For informational purposes only